Executive Compensation and Contracts
| Explanation | CEO | Vice Presidents | |
| Base Compensation (A) |
This is the base salary paid to the executive annually. | $667,875 | VP Medical Services - $425,000 VP Research - $300,000 VP Education - $309,750 VP Corporate Services & CFO - $303,090 VP Clinical & Residential Programs & CNE - $260,000 VP Strategic Advancement & Stakeholder Relations - $241,426 VP Human Resources & Organizational Effectiveness - $241,426 |
| Compensation At Risk (8% to 15%) (B) |
Each year 8% to 15% of the executive’s compensation is considered to be at risk and is held and measured against achievement of goals and objectives. | 8% ($55,000) | VP Medical Services - $35,000 (8%) VP Research - $35,000 (12%) VP Education - $35,000 (12%) VP Corporate Services & CFO - $30,000 (10%) VP Clinical & Residential Programs & CNE - $40,000 (15%) VP Strategic Advancement & Stakeholder Relations - $35,000 (15%) VP Human Resources & Organizational Effectiveness - $35,000 (15%) |
| Total Maximal Compensation (A) + (B) = (C) |
Compensation is determined in accordance with the Executive Compensation Strategy. This amount includes base compensation plus the compensation at risk. | President & CEO (Dr. William Reichman) - $722,875 |
VP Medical Services (Dr. Paul Katz) - $460,000 VP Research (Dr. Randy McIntosh) - $335,000 VP Education (Dr. David Conn) - $344,000 VP Corporate Services & CFO (Laurie Harrison) - $333,090 VP Clinical & Residential Programs & CNE (Dr. Karima Velji) - $300,000 VP Strategic Advancement & Stakeholder Relations (Nancy Webb) - $276,426 VP Human Resources & Organizational Effectiveness (Joni Kent) - $276,426 |
Additional information |
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| Explanation | CEO | Vice Presidents | |
| Auto Allowance | An annual allowance is provided to offset the costs of business related transportation. | $14,000 annually | No VPs have auto allowances. |
| Retirement Compensation Arrangement | A Retirement Compensation Arrangement is a useful recruitment tool when someone is recruited from outside the jurisdiction and has not accumulated Ontario Healthcare service. | $30,000 annually | No VPs have retirement compensation arrangements |
| Severance | Severance is only provided upon termination of employment without cause. There are no voluntary resignation allowances. | 18 months | VP Medical Services - 18 months VP Research - 18 months VP Education- 18 months VP Corporate Services & CFO - contract silent VP Clinical & Residential Programs & CNE - 12 months VP Strategic Advancement & Stakeholder Relations - contract silent VP Human Resources & Organizational Effectiveness - 12 months |
| Parking | Executives pay for parking consistent with staff rates. | Parking is paid by executive at rates charged for all staff | Parking is paid by executive at rates charged for all staff |
Notes:
The compensation figures provided in this compensation overview may not align with figures provided each year through the Ministry of Finance salary disclosure. These amounts differ as a result of a number of factors:
- Annual salary disclosure is based on a January 1 to December 31 calendar year. Baycrest’s compensation program is based an April 1 to March 31 fiscal year.
- In some fiscal years, there may be one additional pay period, depending on the overall payroll cycle.
- The amount of the at-risk compensation is based on performance and may not be the same from year to year.
To view a contract, click on a name below:
- President & CEO (Dr. William Reichman)
- VP Medical Services (Dr. Paul Katz)
- VP Research (Dr. Randy McIntosh)
- VP Education (Dr. David Conn)
- VP Corporate Services & CFO (Laurie Harrison)
- VP Clinical & Residential Programs & CNE (Dr. Karima Velji)
- VP Strategic Advancement & Stakeholder Relations (Nancy Webb)
- VP Human Resources & Organizational Effectiveness (Joni Kent)
3560 Bathurst StreetToronto, Ontario
Canada M6A 2E1
Phone: 416-785-2500
